Kuwaiti firm to invest JD100m in residential suburb

AMMAN — Kuwaiti investors on Tuesday announced a JD100 million project to build a residential suburb near the airport road, with plans for a campaign to attract buyers from Gulf countries.

The “Jenan Amman” project, located 20 kilometres from Amman’s 7th Circle, is being implemented by Tanamee Real Estate Development Company, which was established in 2014 and is wholly owned by Kuwaiti investors.

The project, which is spread over an estimated 204,000 square metres in the Qastal area near the Queen Alia International Airport, will include 500 villas, as well as apartments and dormitories to serve students and dozens of commercial stores, Tanamee General Manager Sulaiman Yousef Bin Jassem told reporters.

The complex will be built in three stages, each taking 18 months to finish, he said, adding that the company has finished the infrastructure work for the project.

“This is a very important project and it will provide facilities in line with high standards,” the general manager said.

Construction on the project will start in early 2016, Bin Jassem noted at the press conference, attended by Kuwaiti Ambassador to Jordan Hamad Saleh Al Duaij.

The ambassador praised the “Jenan Amman” project and announced a donation to build a mosque there, in addition to choosing a house from the project.

Bin Jassem said the company plans to present initiatives to the relevant authorities in the Kingdom in order to build a mosque, schools, and a medical centre, as well as to provide other services that help revive the area surrounding the airport, noting that the project is expected to create 1,000 jobs for Jordanians.

He added that the company will start marketing the complex on December 6, through a campaign that will start in Amman before moving to Kuwait and other Gulf capitals, in order to give Jordanians in the Gulf an opportunity to buy property in the project.